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2018 (2) TMI 1521 - AT - Income TaxAddition on account of purchase of tyres as well as depreciation on fixed assets - Held that:- AO depends on the wrong assumption of facts it does not represent the correct amount in view of the fact as discussed above. The addition made by the AO is not sustainable. The ld. DR has also not brought anything on record contrary to the findings of ld. CIT-A. In the light of above reasoning, we hold that the order of the Ld. CIT(A) is correct and in accordance with law and no interference is called for. No infirmity in the order of the Ld. CIT(A) in allowing depreciation @ 30% on dumper and tipper. TDS u/s 194C - non deduction of tds - Held that:- The payment is not exceeding the limits as specified u/s. 194C of the Act. Therefore, in our considered view, assessee is not liable to deduct the TDS u/s. 194C of the Act.
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